Sep 12, 2012 2:30pm PDT
banks in europe. this is a very late response to the crisis in the united states where we have seen what happens if banks are a threat to the system. it is a long procedure and germany has said maybe not all 6000 banks should be placed under it. those that are really important for the system -- we will see a banking union in the months to come. >> thank you. the commission cost plans for deeper fiscal integration and the german court ruling are steps berlin and brussels hope will and the financial 12 -- financial turmoil. >> the developments are being met with cautious optimism that europe might finally be getting on track to solving its financial problems. we talked to one analyst and they talked about with this decision means for them. >> their famous for all types of cutlery. plates are from all over the world, shipped to shops all over the european union. the court has kept german liabilities at 190 billion euros. this this this man says it's a great deal of money, but he still believes the esm is the right course to take. >> naturally, it's a question of solidarity in special cases.
Sep 13, 2012 6:00am PDT
energy strategy. the document calls for a nonnuclear country. but the united states has expressed deep concern over move. the policy chief of japan's ruling democratic party is visiting washington. seiji maehara met the u.s. deputy secretary of energy, daniel poneman, to brief him on the draft. the japanese government will take various steps and direct resources to halt all reactors by the 2030s. japan's future energy policy will be based on three principles. the operation of any nuclear plant will be limited to 40 years, suspended facilities will need to have their safety confirmed before they can resume operations, and no new reactors will be built. but the policy insists that nuclear reactors should be used as a transitional measure. maehara said poneman urged japan to minimize the negative impact of the policy on fossil fuel prices. poneman reportedly said japan should try to reduce its stocks of plutonium from spent nuclear fuel. maehara said poneman also told him the u.s. will support japan's efforts to diversify its energy sources. >>> it's hard for the world to really understan